Microwave Oven Market Is Predicted To Grow Swiftly Due To Growing Health Consciousness Till 2022: Grand View Research, Inc.

 

The global microwave oven market size is expected to reach USD 12.70 billion by 2022, according to a new study by Grand View Research, Inc. The market is expected to witness a sluggish growth in North America and Europe as microwaves have entered the mature stage of the product life cycle.

Majority of the revenue is generated from the section of population exhibiting willingness to spend on premium kitchen appliances. Changing lifestyles of people, especially the working class, have increased the popularity of frozen and ready-to-eat packaged foods which has positively impacted market growth.

Inclination towards the use of traditional cooking equipment can be viewed as a hindrance for microwave ovens’ adoption, especially in developing countries. High electricity consumption and the costs associated with it are expected to challenge industry growth, which has led to manufacturers developing energy efficient microwaves.

North America microwave oven market demand by product, 2012-2022, (USD Million)

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Browse full research report Microwave Oven Market: http://www.grandviewresearch.com/industry-analysis/microwave-oven-market                         

Further key findings from the report suggest:

  • Convection ovens accounted for over 45% of the market share in 2014, which can be primarily attributed to their ability to cook food faster. In addition, these microwave ovens facilitate the cooking of multiple items simultaneously. Vegetables, cookies, roasted meats and cookies can be effectively prepared in a convection microwave oven. Grill ovens also contributed to a significant portion of the market revenue. Increased emphasis on healthy eating habits has propelled the demand for grill ovens as they are used for roasting food in a very short duration.
  • Household microwave ovens contributed to over 60% of the overall revenue in 2014. Demand for household oven primarily originates from the working segment owing to quicker food preparation times. A surge in the establishment of hotels and fast food centers has favorably impacted microwaves’ adoption in commercial applications as they enable the serving of a large volume of food in shorter durations.
  • Built-in microwaves have gained prominence over the last few years owing to their compact nature which facilitates their accommodation in modular kitchens. They also enhance the aesthetics of the kitchen as they can fit in a wall or a cabinet, thereby offering some counter free space in the kitchen. Counter-top microwaves are available in various sizes and can be installed manually without the need of an expert, owing to which they occupied a majority of the revenue share.
  • North America accounted for over 30% of the market in 2014 which can be attributed to high penetration of microwaves across households and commercial establishments. The industry has reached its maturity stage in the U.S. and also several European countries, resulting in a potentially sluggish growth rate over the forecast period. Most of the microwave sales in North America and Western Europe are expected to emerge from customers opting for premium microwaves. The microwave oven industry has substantial growth prospects in the Asia Pacific region as majority of sales are expected to originate from customers purchasing microwaves for the first time.
  • Key industry participants include Samsung, LG Electronics, Panasonic, Electrolux, and Galanz. Companies focus on product differentiation and geographical diversification as key strategies to expand their presence and achieve higher market penetration. Manufacturers also emphasize on the development of energy efficient microwaves to lower electricity consumption.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/electronic-devices                         

Grand View Research has segmented the global microwave oven market on the basis of product, application, and region:

Microwave Oven Type Outlook (Revenue, USD Million, 2012 – 2022)

  • Convection
  • Grill
  • Solo

Microwave Oven Application Outlook (Revenue, USD Million, 2012 – 2022)

  • Commercial
  • Household

Microwave Oven Structure Outlook (Revenue, USD Million, 2012 – 2022)

  • Built-in
  • Counter top

Microwave Oven Regional Outlook (Revenue, USD Million 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • RoW

 

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-microwave-oven-market                                            

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

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Human Machine Interface Market Is Projected To Grow Rapidly Due To Growing usage of HMIs Across Oil & Gas And Water Treatment Plant Till 2022: Grand View Research, Inc.

 

The global Human Machine Interface (HMI) market is expected to reach USD 6.31 billion by 2022, according to a new report by Grand View Research, Inc. Advancement in HMI programming software in order to incorporate ability for managing multi-vendor environment is anticipated to escalate industry growth over the next few years. Benefits offered such as remote operation coupled with the widespread usage of HMIs across oil & gas and water treatment plant for operating in harsh conditions may also elevate product demand significantly. This has also instigated vendors to manufacture devices with better wear and tear property.

Growing trend towards protocol conversion to exchange data between all connected devices is estimated to further catalyze human machine interface industry growth. Technological development such as open platform architecture resulting in improvement of the migration process is also anticipated to fuel demand considerably over the forecast period.

High upfront capital and need for change in business process to integrate HMIs are key challenges anticipated to impact the industry. In addition, lack of skilled professionals and awareness on HMIs among management and lower level executives may also pose a challenge to market growth over the coming years.

Europe human machine interface market share by product, 2012 – 2022 (USD Million)

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Browse full research report on Human Machine Interface Market: http://www.grandviewresearch.com/industry-analysis/human-machine-interface-market         

Further key findings from the report suggest:                     

  • Interface software market accounted for substantial revenue share in 2014. The segment is also anticipated to exhibit high growth with an estimated CAGR exceeding 10% over the next few years. This may be attributed to the increasing adoption of PC- based open source monitoring and controlling system worldwide.
  • Development of new and innovative displays along with emergence of industrial internet of things may contribute towards further growth in the display terminal segment.
  • Oil & gas emerged as the dominant application and accounted for over 20% of the overall revenue in 2014. This may be attributed to increasing demand from the oil & gas sector owing to the benefits offered by HMI regarding the flow of information inside a pipeline without updated monitoring capabilities for overcoming a particular problem.
  • HMI offers several benefits regarding driver safety and security by integrating solutions such as ADAS, ACC and LDW, which are expected to drive demand in the automotive industry.
  • North America HMI market is estimated to hold majority share and accounted for more than 30% of the consumption in 2014. Additionally, Asia Pacific is anticipated to exhibit high growth over the next few years. This may be attributed to the migration of manufacturing processes to developing regions in order to capitalize on labor cost and high availability of raw materials in this region.
  • Companies operating in the industry include GE, Eaton, ABB, Honeywell, Siemens, Omron, Rockwell Automation, Emerson Electric, etc.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/electronic-devices                  

Grand View Research has segmented the global Human Machine Interface (HMI) market on the basis of product, application and region:

HMI Product Outlook (Revenue, USD Million, 2012 – 2022)

  • Display Terminals
  • Interface Software
  • Industrial PCs

HMI Application Outlook (Revenue, USD Million, 2012 – 2022)

  • Automotive
  • Healthcare
  • Food & Beverages
  • Oil & Gas
  • Packaging
  • Aerospace & Defense

HMI Regional Outlook (Revenue, USD Million, 2012 – 2022)

  • North America
  • Europe
  • Asia Pacific
  • RoW

 

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-human-machine-interface-market                               

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

 

Home Audio Equipment Market Is Predicted To Grow Swiftly Due To Increasing Trend Towards Deployment Of Sophisticated Equipment Till 2020: Grand View Research, Inc.

 

The Global Home Audio Equipment Market is expected to reach USD 22.50 billion by 2020, according to a new study by Grand View Research, Inc. Growing consumer demand for high-quality home theater experience attributed to increased disposable income is expected to drive the market over the forecast period. Increasing trend towards deployment of sophisticated equipment, high-speed data streaming, faster internet connectivity and internet-exclusive entertainment are expected to proliferate the need for external audio solutions. Emergence of Bluetooth products coupled with wireless Blu-ray home theater systems is expected to positively impact market growth.

Home audio equipment comprises a wide range of equipment including multi-channel amplifiers, compact audio system and home radios. Manufacturers of this equipment have been striving to expand market penetration by innovating visually less intrusive and user-friendly systems. Therefore, technological advancement in digital technology with changing media options from conventional to latest systems is expected to be positively impact home audio equipment market growth over the next six years. High development cost and fear of hearing loss among the consumers may hamper market growth through the forecast period. Emergence of realistic immersive home audio equipment along with better internet connectivity offers a wide avenue to drive demand for the home audio equipment market.

Global home audio equipment market by product, 2012 – 2020 (USD Billion)

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Browse full research report on Home Audio Equipment Market: http://www.grandviewresearch.com/industry-analysis/home-audio-equipment-market        

Further key findings from the study suggest:         

  • The home audio equipment market comprises products such as audio systems, home radios, Home Theater-in-a-box (HTiB) and other accessories. The home audio systems segment includes MP3 players, mini disc players, compact audio systems, cassette deck, rack system and CD/DVD players. HTiB products include 5.1, 6.1, 7.1 and 9.1 channels and the segment is expected to witness significant growth over the forecast period. This can be attributed to several benefits associated with this technology such as unrestricted mobility and high quality sound systems.
  • Widening consumer base in Asia Pacific markets owing to higher affordability and rapid urbanization trends is expected to significantly drive the home audio equipment industry. Demand for digital home radios driven by growing promotional activities is expected to drive regional market growth. The North American market is characterized by rise in unit sales of flat-panel HD TVs.
  • Key companies operating in the market include Sony Corporation, Bose Corporation, LG Electronics, JVC KENWOOD Holdings Inc., Philips, Dolby Laboratories Inc. and Akai. Rising emphasis on vertical integration activities in order to obtain greater product reliability and optimized manufacturing throughput is estimated to be the major growth strategy.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/electronic-devices            

Grand View Research has segmented the global home audio equipment market on the basis of product and region:

Home Audio Equipment Product Outlook (Revenue, USD Billion, 2012 – 2020)

  • Home Theater in-a-Box
  • Home Audio Systems
  • Home Radios
  • Others

Home Audio Equipment Regional Outlook (Revenue, USD Billion, 2012 – 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

 

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-home-audio-equipment-market                         

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

 

Power Electronics Market Will Reach $39.22 Billion By 2025: Grand View Research, Inc.

 

The global power electronics market is expected to reach USD 39.22 billion by 2025, according to a new report by Grand View Research, Inc. Increased focus on the usage of renewable energy sources has been one of the major factors driving the market. In addition, the development of power infrastructure, coupled with the increasing demand for battery-powered portable devices, has led to the increased adoption of power electronic devices and products across various industry verticals such as power, automotive, communication, aerospace & defense, consumer electronics, and other sectors.

Power electronic devices use switching electronic circuits to regulate the flow of energy. They are also used in alteration of electric power, which is usually performed by the semiconductor devices such as diodes, transistors, and thyristors. Power electronic devices are useful in connecting renewable energy resources with power grids and transportation of energy. They have applications in electric trains, motor drives, and lighting equipment and play a key role by enabling heat sinking and soft starting of the motors.

The power electronics market is extensively consolidated, in terms of applications and materials that are used to produce power electronic devices. The advancements and exhaustive research & development activities in the power devices have enabled the evolution of power electronics. The market possesses significant potential for growth and is dynamic and adaptive in nature. A few highlighting features of the power electronic devices are durability against coarse environmental conditions, extended life (suitable for rugged industrial applications), and better efficiency & reliability.

The power electronics industry has been undergoing continuous developments and up gradations, since its emergence. Several factors, such as the rapid inception of renewable energy sources and rising adoption of electric vehicles & radio communication, are influencing market growth. The adoption of power electronic devices in healthcare systems & instruments and the automotive industry is expected to drive the market over the forecast period.

The Asia Pacific market is expected to grow at the fastest CAGR of 2.0% from 2017 to 2025, owing to the emergence of manufacturing hubs across the continent. Countries, such as China, India, South Korea and Singapore, are expanding their domestic manufacturing activities across various industry verticals, such as consumer electronics, telecommunication, military & defense, and automotive, to strengthen their economies. In addition to this, prominent industry players are investing and establishing production & distribution units to capture the regional markets. All the above-mentioned factors are further providing additional impetus to power electronics market.

However, the power electronics market is facing challenges such as high initial expenditures and deposition of Gallium Nitride (GaN), Gallium Arsenide (GaAs), and Silicon Carbide (SiC) on the silicon materials which is a quite tedious and complex procedure, especially to reach while in high voltage ranges. Expensive & time-consuming processes and complexity issues involved in manufacturing power devices are anticipated to restrain the market growth.

U.S. power electronics market revenue by application, 2014 – 2025 (USD Billion)

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Browse full research report on Power Electronics Market: http://www.grandviewresearch.com/industry-analysis/power-electronics-market

Further key findings from the report suggest:

  • The global power electronics market was valued at USD 31.48 billion in 2015 and is expected to grow at a CAGR of 2.2% from 2017 to 2025
  • The silicon segment emerged as the largest material segment in 2015 and is estimated to generate USD 28.0 billion by 2025
  • The Integrated Circuit (IC) segment is projected to exhibit the fastest growth rate over the forecast period
  • The industry is projected to witness substantial growth, in the Asia Pacific region, over the next decade, owing to the developments in major and emerging economies (across the ICT, automotive, and consumer electronic sectors) such as China, Japan, South Korea, and India. The regional market is expected to grow at a CAGR of 2.8% from 2017 to 2025.
  • The key players, such as Texas Instruments, Inc., Renesas Electronics Corp, Mitsubishi Electric Corp., Fuji Electric Co., Ltd., and Infineon Technologies AG, dominated the global power electronics market and accounted for 60% of the total revenue in 2015
  •  (DEC); Siemens AG; Mitsubishi Heavy Industries Ltd., and General Electric (GE)

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-power-electronics-market                                                                                                              

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

 

Barcode Printers Market Is Predicted To Grow Swiftly Due To Increased Demand For Mobile Barcode Printers Till 2020: Grand View Research, Inc.

The global barcode printers market is expected to reach USD 3.81 billion by 2020, according to a new study by Grand View Research, Inc. Increased demand for mobile barcode printers is expected to drive market growth over the forecast period. Implementation of bar-coded wristbands for personal identification in hospitals and events has augmented the demand for mobile barcode printers.

Growth of organized retail stores worldwide has significantly driven the barcode printers market, as products equipped with barcode tags enable faster and more efficient check-outs. Growing adoption of Radio Frequency Identification (RFID) may pose a challenge to market growth over the next six years owing to the numerous advantages offered by the technology, such as dynamic storage of information which can be updated periodically.

Global barcode printers market by product (USD Million), 2012 – 2020

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Browse full research report on Barcode Printers Market: http://www.grandviewresearch.com/industry-analysis/barcode-printers-market

Further Key Findings from the Study Suggest:

  • Industrial printers dominated the barcode printers market in 2013, accounting for over 60% of the overall revenue share. Mobile printers are expected to witness high growth over the forecast period owing to their ease of use and utility in numerous field-based applications; they have been increasingly used by organizations’ salespeople in order to conduct business and issue authentic invoices and receipts irrespective of the time and place.
  • Thermal technology based printers accounted for over 60% of the market share as compared to their non-thermal counterparts, primarily because of their reliability, high speed, low noise and provision for easy cleaning. Among thermal technology based printers, the direct thermal technology is expected to witness significant growth over the forecast period owing to enhanced durability, low operational costs and elimination of the need for disposing used ink ribbons, making it more eco-friendly.
  • Manufacturing applications led the market in 2013, accounting for over 35% of the overall revenue. Retail and healthcare are expected to be lucrative fields for the barcode printers market over the forecast period, with both projected to witness high growth rates. In healthcare, barcode printers have been extensively used for printing tags used in patient ID systems in order to prevent medical errors by enabling access to accurate patient information for surgical procedures and specimen collection.
  • North America dominated the market in 2013, accounting for over 40% of the overall revenue. Asia Pacific is expected to witness high growth rate over the forecast period.
  • The market has become increasingly consolidated owing to significant mergers and acquisitions in order to achieve growth across several product categories, verticals, and regions; for instance Honeywell’s acquisition of Intermec and SATO’s acquisition of Argox. Vendors have to deal with low profit margins owing to the highly commoditized nature of the market.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-barcode-printers-market                                                                                          

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Data Center ups Market Is Projected To Grow At A 7.3% CAGR from 2014 to 2020: Grand View Research, Inc.

Global data center UPS market is projected to exceed over USD 5.67 billion by 2020. This growth can be attributed to falling tolerance limits and interruptions in data transmissions. Besides, need to prevent loss of confidential data has subsequently augmented UPS installations in data centers. The market is expected to experience growth at CAGR of 7.3% on account of rising demand for CRM systems, ERP systems, file servers, data warehouses and cloud storage.

Product development through innovations exhibiting energy efficient and eco-friendly technologies have resulted in compensating for increasing power costs which are expected to propel growth over the forecast period. Portable UPS systems have gained widespread acceptance, particularly in small and medium businesses (SMBs), which is projected to drive the market. Increasing prominence of smart UPS systems owing to its capability of self-diagnosis and communication that considerably reduces troubleshooting time is anticipated to have a positive impact on the market. On a contrary, lack of product diversity among primary companies has hindered the product industry. Slowdown in semiconductor industry has subsequently affected the industry resulting in lack of inventory supply

Global data center UPS market by product 2012 – 2020

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Browse full research report on Data Center ups Market: http://www.grandviewresearch.com/industry-analysis/data-center-ups-market

Further Key Findings From the Study Suggest:

Small data center UPS systems constituted over 50.0% of the total revenue in 2013, and its growth can be attributed to increasing demand from SMBs, who prefer structuring their databases. Large data center UPS systems are anticipated to witness sizeable growth owing to organizations which aim at upgrading their data management systems and equipment over the forecast period.

North America dominated the market in 2013 which was majorly contributed by healthcare, insurance and financial services. France, UK, and Germany are expected to contribute considerably to the European revenue. UPS installations and connections are projected to experience significant growth in the next seven years in Asia

The market comprises of several eminent brands having experienced engineers for maintenance and proven testing and engineering divisions. In an attempt to expand globally and enter new markets, prominent players emphasize on setting up sales and service teams to gain competitive advantage.

Availability of flexible options offered by manufacturers that are aimed at increasing capacity by modifying software is expected to provide a competitive base for all the players in the industry. Sellers are anticipated to reintroduce and renew partnerships with flywheel suppliers for providing customers with efficient standby power alternatives. Key industry participants include Schneider Electric, Belkin International, Eaton, Clary, Emerson, General Electric, Toshiba and Gamatronic Electronic Industries

Acquisitions, strategic alliances, and mergers are key strategies being adopted by the companies to expand into newer marketplaces and grow globally. Manufacturers have been continuously emphasizing on improving the efficiency of these systems. As an instance, Chinese telecom network provider, Huawei, launched a modular data center UPS, in October 2014, claiming 97.0% efficiency. Other companies include Schneider Electric SA, Clary Corp., General Electric, Gamatronic Electronic Industries, Belkin International Inc., and Toshiba Corp.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-data-center-ups-market                                                                                   

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com

Handheld Imagers Market To Gain Demand Quickly Due To The Growing Demand Across The Security Industry Till 2022: Grand View Research, Inc.

The global Handheld Imagers market is anticipated to reach USD 3.45 billion by 2022, according to a new study by Grand View Research, Inc. Technological developments have led to the emergence of new innovative products, which has significantly broadened the scope for Handheld imagers in several application areas. Growing demand across the security industry is expected to be the key force driving the Handheld imagers market over the next few years. Development and usage of amorphous silicon (a-Si) in manufacturing imaging solutions is also expected to favorably impact market growth. Amorphous silicon is a preferred raw material as it is its cost-effective and easy to manufacture.

Rise in adoption across the industrial and construction sector is expected to provide avenues for Handheld imagers market growth. In addition, decline in microbolometer cost is also expected to fuel market demand over the next few years. Government mandates coupled with growing adoption of infrared solutions mainly across airports and government buildings are anticipated to impel growth in the security sector. The medical sector is expected to exhibit significant growth and high market penetration on account of rising concerns regarding patients’ health and safety. Increasing adoption of imaging solutions in the medical sector to diagnose patients’ epidemics is expected to fuel growth in this segment.

Global handheld imagers market by application, 2012 – 2022 (USD Million)

 

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Browse full research report on Handheld Imagers Market: http://www.grandviewresearch.com/industry-analysis/hand-held-imagers-market

Further key findings from the report suggest:

  • IR scanners exhibit high growth potential, which may be primarily attributed to decline in product prices. Further, stud finders are also anticipated to witness rapid growth owing to growing demand across the construction sector.
  • On account of growing security concerns and rising terror threats, the security segment emerged as the dominant application segment in 2014, and accounted for over 30% of the overall market in the same year. Rising security concerns and increased adoption in government buildings and airports is expected to significantly spur the Handheld imagers market demand over the next seven years.
  • North America accounted for significant market share in 2014, and is expected to emerge as a dominant regional market over the forecast period. Government mandates and growing concerns regarding security are expected to increase the regional market demand.
  • Key players in the Handheld imagers market include ULIS, Fluke Corporation, Zircon Corporation and FLIR Systems. The aforementioned industry participants are continuously innovating and evolving in a bid to uphold competitiveness. Further, manufacturers emphasize on enhancing local presence in order to aid customers in choosing the appropriate product.

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-hand-held-imagers-market                                                                              

About Grand View Research, Inc:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For more information: http://www.grandviewresearch.com